Compass Diversified (CODI) Sells Ergobaby

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Go back to Compass Diversified (CODI) Sells Ergobaby

Compass Diversified Announces Sale of Ergobaby

December 30, 2024 8:00 AM EST

WESTPORT, Conn., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (CODI or the Company), an owner of leading middle market businesses, announced today the simultaneous entry into a definitive agreement (the Agreement) and completion of its sale of its majority-owned subsidiary, The Ergo Baby Carrier, Inc. (Ergobaby), to Highlander Partners, L.P. (Highlander), a Dallas-based private investment firm.

Proceeds from the transaction will be used to pay down debt and for general corporate purposes.

We are proud of Ergobabys position as a global leader in premium juvenile... More